Cash on hand ₱ 1,200,000

Cash in bank ₱ 2,500,000

Cash funds ₱ 1,250,000
Total cash ₱ 4,950,000

Commercial papers ₱ 500,000

Time deposit ₱ 200,000
Total cash equivalent ₱ 700,000

Total cash and cash equivalents ₱ 5,650,000

Cash ₱ 32,000
Accounts Payable ₱ 32,000
To record undelivered checks from purchased materials.

Cash 40,000
Accounts Payable 40,000
To record postdated check delivered.

Cash 10,000
Accounts Payable 10,000
To record material stale check presented for encashment.

Cash 3,000
Miscellaneous Income 3,000
To record immaterial stale check presented for encashment.
 Cash Accounts Payable Currency bills and coins left
₱ 32,000 ₱ 32,000 Add: Transport cost
40,000 40,000 Office supplies
10,000 10,000 Electricity bills
3,000 ₱ 85,000 Water bills
₱ 85,000 Internet bills
Miscellaneous expense
Petty cash accounted for
 ₱ 8,000 3 Transportation cost ₱ 2,500
2,500 Office Supplies 2,000
2,000 Electricity bills 1,500
1,500 Water bills 1,000
1,000 Internet bills 5,000
5,000 Miscellaneous expense 3,000
3,000 Petty cash fund ₱15,000
₱23,000

4 Petty cash fund accountability ₱25,000

Less: Petty cash accounted for ₱23,000
Petty cash shortage ₱2,000
Postage expense ₱1,500
Supplies expense 5,000
Transportation expense 1,200
Miscellaneous expense 800
Cash in bank ₱9,000

Petty cash fund ₱5,000

Cash in bank ₱5,000

Petty cash fund ₱9,000

Cash in bank ₱9,000
To record the replenishment
Deposit in transit ₱ 300,000
Add: Cash receipts per book per record 1,800,000
Total deposit to be acknowledge by the bank 2,100,000
Less: Deposit acknowledge by the bank - June 1,600,000
Deposit in transit - June ₱ 500,000

Outstanding check - May 31

Add: Cash disbursement per book per record
Total check